TDS can deduct 50%

This query is : Resolved

amruth (Querist)
Follow

11 May 2020 Hi All,

If we received Service Invoice for Rs.10000+18%GST=11800/-
but we paid only 50% of amount to Vendor Rs.5900/- then we can deduct TDS 50% can pay to Department or we have to deduct 100% TDS and pay.

Thanking You
Amruth Kumar

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

11 May 2020 Yes, you can deduct 50% TDS which is only payable.
If you create 100% liability and pay only 50%, TDS has to be deducted 100%.

Gokul Sharma

Gokul Sharma (Expert)
Follow

11 May 2020 TDS has to be deducted 100%.

As booking of bill or payment which ever is earlier.

Spurto Consultancy Services

Spurto Consultancy Services (Expert)
Follow

11 May 2020 In the above case you are booking 100% of the expenditure and creating your liability.
TDS is to be deducted @100% on the entire liability

amruth

amruth (Querist)
Follow

11 May 2020 Thank you very much Sir

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok